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Gold bars are selling like hot cakes in Korea's convenience stores and vending machines - TL;DR CNBC

Gold bars are selling like hot cakes in Korea's convenience stores and vending machines

Publishing timestamp: 2024-05-07 20:08:05


Summary

South Korea's convenience stores are now selling gold bars, with finger-nail sized bars weighing between 0.1 gram and 1.87 gram being popular among customers in their 30s. Demand for gold bars and coins in South Korea has risen sharply, with other convenience stores also joining the trend. Younger investors in Asia are exploring gold as a way to diversify and protect their assets amid economic uncertainty.


Sentiment: POSITIVE

Tickers: KRW=

Keywords: commodity marketsbusiness newsus dollar/korean won fx spot ratesouth korea

Source: https://www.cnbc.com/2024/05/08/gold-is-selling-like-hot-cakes-in-koreas-convenience-stores-vending-machines.html


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